My process was not much different than jag5353 since I followed his directions. I did have to make a few changes though since I was unable to execute any scripts outside of my cgi-bin.
Here is what I did different:
1.I put the mt directory with all the files for the install under cgi-bin...
I'm up and running. The problem was resolved when they fixed my .cgi not able to execute issue through a trouble ticket I had submitted. I did have to install it under the cgi-bin directory though. I put the static data in a seperate directory as per the MT website instructions.
I am atempting to install Moveable Type on a windows account. I have a \mt directory with all the files in it. The .cgi files won't execute though. They prompt to be downloaded. I assume I don't have execute permissions set up on this folder. I then moved the files into my cgi-bin folder...